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Friday , 1 August 2014

Category Archives: Greater Toronto Scene

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Special coverage of the GTA Condominium and lifestyle scene.

Building industry a major driver of GTA economy


The Building Industry and Land Development Association (BILD) has released a series of fact sheets outlining the economics of the building and renovating industries in the GTA. BILD’s reason for releasing the material is educational, said president and CEO Bryan Tuckey. “From building homes and businesses that people can afford, to creating thousands of jobs in construction and related fields, these booklets will help educate people on the economic impact of our industry.” We learn that the home building industry was worth $22.6 billion to the GTA economy in 2013, with 34,719 new homes built, supporting 207,400 jobs with $9.7 billion paid in wages. Professional renovation contributed a further $13 ... Read More »

Toronto among world’s wealthiest cities

So Toronto has made it onto another one of those top twenty this or that lists, this one ranking the top twenty cities in the world by the number of millionaires who live there. Toronto ranks fifteenth out of twenty, which puts it ahead of Venice, Brussels, Houston, San Francisco and Paris. (Surprisingly, Dublin has more millionaires than Toronto.) Toronto is the only Canadian city on the list. The list was compiled by Spear’s magazine with Wealthinsight consultants. Most of the cities on the list are in the same general range: Paris at number twenty has 2.04 per cent millionaires, while New York, at number four, has a little more ... Read More »

No Supreme Court ruling on TREB privacy dispute

The Toronto Real Estate Board has hit another wall in its battle with the Competition Bureau, but says it will continue to fight. The Competition Bureau says consumers are closer to enjoying a more competitive real estate market. Both sides say they will continue to fight. What are they fighting about? In 2011, the Competition Bureau accused TREB of anti-competitive practices. The complaint centred around TREB’s refusal to make accessible certain information concerning home sales. One of the main pieces of information that TREB refuses to divulge, except between a realtor and his or her client, is the selling history of the home, including price. TREB claims that in withholding that information ... Read More »

Toronto home buyers are buying into the evolving condo lifestyle

Buyers of condos nowadays are often buying much more than four walls and a view. More and more today we’re seeing the words “sustainability” and “smart” applied to condos, and buyers are coming to expect more in these areas. Condos are uniquely able to offer the latest smart home technology, like Samsung’s, giving home owners total control of their homes via smartphone or laptop. Two years ago, Tridel showcased what we can expect to see in the near future with the latest in smart, green home technology in its stunning Eco Suite at Reve condos on Front Street. Every aspect of the Eco Suite was carefully thought through for environmental ... Read More »

City Council approves new Gehry buildings for King Street

Toronto moved a step closer to having two more buildings by one of the world’s most famous architects and native son, Frank Gehry. City Council voted today to support Toronto Planning staff’s recommendations to approve an application plan for the King Street West development. The development is a collaboration between David Mirvish Enterprises, which owns the land, and the Los Angeles-based Gehry. His last major work in the city was the redesign of the Art Gallery of Ontario. A release following the vote said that the Mirvish/Gehry development team has worked for nearly two years “in an iterative and collaborative design and urban planning exercise” with the city and local ... Read More »

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